Exhibit 8.1
List of Subsidiaries
| 1. | China Metro-Rural Limited, a Cayman Islands incorporated Company continued into BVI |
| 2. | China Metro-Rural Exchange Limited, , a HK Company |
| 3. | China Northeast Logistics City Co., Ltd. , , a PRC Company |
| 4. | Tieling Northeast City Advertising Co., Ltd., , a PRC company |
| 5. | Tieling North Asia Property Management Co., Ltd., , a PRC company |
| 6. | Tieling North Asia Development Co., Ltd., , a PRC company |
| 7. | Tieling Motor Vehicle Trading Co., Ltd., , a PRC company |
| 8. | 4376zone.com Limited , a HK Company |
| 9. | Arcadia Jewellery Limited , a HK Company |
| 10. | Asean Gold Limited , a BVI Company |
| 11. | China Pearls and Jewellery City Holdings Limited , a HK Company |
| 12. | China Pearls and Jewellery International City Co. Ltd. , a PRC Company |
| 13. | Cyber Bizport Limited , a HK Company |
| 14. | Excel Access Limited , a HK Company |
| 15. | Hong Kong Man Sang Investments Limited , a HK Company |
| 16. | Man Hing Industry Development (Shenzhen) Co., Ltd. , a PRC Company |
| 17. | M.S. Electronic Emporium Limited, a BVI Company |
| 18. | Man Sang China Investment Ltd., a BVI Company |
| 19. | Man Sang Development Company Limited , a HK Company |
| 20. | Man Sang Enterprise Ltd., a BVI Company |
| 21. | Man Sang Innovations Limited , a HK Company |
| 22. | Man Sang Investment Development Limited , a HK Company |
| 23. | Man Sang International Limited , a Bermuda Company |
| 24. | Man Sang Jewellery Company Limited , a HK Company |
| 25. | Market Leader Technology Limited, a BVI Company |
| 26. | M.S. Collections Limited , a HK Company |
| 27. | New Tongluowan Holdings Limited , a HK Company |
| 28. | Peking Pearls Company Limited , a HK Company |
| 29. | Swift Millions Limited , a HK Company |
| 30. | Smartest Man Holdings Limited, a BVI Company |
| 31. | Zhuji Five Continents Enterprise Ltd. , a PRC Company |